DynaResource Inc. reported a significant increase in revenue for the fiscal year ending December 31, 2025, achieving $58.5 million, a 26% rise from $46.5 million in 2024. This growth was primarily driven by an increase in net revenue per ounce of gold sold, which rose from $2,113 to $2,804, despite a decrease in the total ounces sold. The company also transitioned from an Exploration Stage to a Production Stage issuer, marking a pivotal change in its operational status and accounting practices, including the capitalization of development costs and the commencement of depreciation on applicable assets.
The company's operating costs decreased to $40.2 million in 2025 from $47.9 million in the previous year, reflecting a reduction in expenses related to capitalized mine development costs. DynaResource reported a net income of $3.8 million for 2025, a notable recovery from a net loss of $8.5 million in 2024. The transition to production status and the associated changes in accounting estimates contributed to this improved financial performance.
Operationally, DynaResource processed approximately 260,694 tons of material in 2025, with an average daily throughput of around 700 tons, up from 550 tons in 2024. The company has set a target of increasing this throughput to 800 tons per day in 2026. The San José de Gracia (SJG) mine, located in Mexico, is the primary focus of DynaResource's operations, and the company has identified significant growth potential in its mineral reserves, with an initial estimate of 250,000 ounces of gold.
As of December 31, 2025, DynaResource had approximately 238 employees in Mexico and 3 in the United States and Canada. The company has also made strategic moves to enhance its operational capabilities, including the installation of new processing equipment and the expansion of its underground development efforts. The company plans to continue its exploration drilling program in 2026, focusing on high-grade targets that can be integrated into its mining plans.
Looking ahead, DynaResource remains optimistic about its growth trajectory, with plans to enhance production and improve operational efficiencies. The company is also navigating challenges related to its financial position, including a negative working capital of $31.7 million and an accumulated deficit of $65.4 million. Management is actively pursuing strategies to raise additional capital and optimize operations to ensure the long-term viability of the SJG mine.
About DYNARESOURCE INC
DynaResource, Inc. is a minerals exploration and management company operating the San Jose de Gracia gold mine in Mexico. It focuses on gold and silver exploration, site-based processing, and infrastructure development. The company produces gold-silver concentrate for sale, leveraging underground mining and conventional processing methods. Its core value lies in resource expansion, operational optimization, and responsible community engagement in the precious metals market.
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